The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

November 27, 28 December 4, 5 2 Weekends 9:30am to 3:30pm December 20, 21, 22, 23 (4 days) Monday to Thursday 9:30am to 3:30pm ALL DOMINION DRIVER TRAINING AND TRAFFIC EDUCATION CENTRES LIMITED FOR INVESTORS OVER AGE 50 WHO ARE PLANNING TO RETIRE OR HAVE ALREADY RETIRED AND WHO WANT TO AVOID COSTLY MISTAKES Peter Watson MBA, CFP, R.F.P., CIM, FCSI Peter is a well-known financial educator in Oakville. Mr.Watson has taught people how to preserve their assets, increase their income and reduce income taxes. Peters opinion and advise is regularly requested. He has written over 400 articles on Investments and Wealth Management. Since founding Peter Watson Investments in 1991, he has been voted the Best Financial Planner in Oakville nine times. Do not miss this opportunity to hear one of Oakvilles most knowledgeable speakers, and learn how to avoid the six most expensive financial mistakes made by retirees. To reserve your seats email us at info@peterwatsoninvestments.com or call us at (905) 842-2100 Ext: 6 (24 hours) YOUR PRESENTER THURS Nov 25, 2010 10 am, 2 pm, 7 pm SAT Nov 27, 2010 10 am DATES OLIVER AND BONACINI RESTAURANT Oakville Place (Trafalgar & QEW) Seats are FREE but limited LOCATION Six Mistakes Retirees Make with Their Finances And How to Avoid Them 1. Paying too much tax 2. The pitfalls of mutual funds 3. Getting asset allocation wrong 4. Three problems with investment fees 5. Failure to understand the stock market 6. Erosion of purchasing power with infl ation 3 W ednesday , N ovem ber 17, 2010 O A KVILLE BEA V ER w w w .o akvillebeaver .co m for this action, but the majority of council voted the challenge down. This did not sit well with the audience who groaned and booed those who had voted against Knoll. No surprise there, said one man. With Knolls challenge quashed, Burton reiterated his position that Oakville Hydro was within its rights to make those contri- butions before introducing his motion. There was, in my view, no wrongdoing in booking or attending the dinners. My cer- tainty of this has been confirmed by legal advice as has my belief that I have no con- flict of interest in this matter. Anyone who believes there has been wrongdoing or con- flict has two legal opportunities to test those beliefs, the first is to refer to the integrity officer and the second is to refer to a judge, said Burton. Both approaches respect due process and allow evaluation of evidence. I am so certain there has been no wrongdoing on my part that I want a referral to a judge to have the fairest process and to reach an indisputable determination of whether any wrongdoing was committed in the booking of or attending of these dinners. Burton said he was not at these dinners for any political or personal gain, but only to advance the business of Oakville Hydro. He said the president of Oakville Hydro told him it would be an important event to attend from a business standpoint. I would have gone by his recommenda- tion no matter what party was holding the dinner, said Burton. Burton also pointed out that Oakville Hydros current board and CEO were not in place when Oakville Hydro began participat- ing at the Premiers dinner in 2008 at least. Knoll said he supported Burtons motion, stating referral to a judge was actually con- tained in the motion he proposed, but called on council to add two additional amend- ments from his motion. The first amendment directed Oakville Hydro to suspend all partisan or political contributions effective immediately. The second amendment directed Oakville Hydro to draft a bylaw for consider- ation by Town Council barring all donations of cash and/or goods and services, including purchasing tickets to political events, to all political parties, constituency associations, candidates and for any other partisan politi- cal purpose whatsoever at all levels of gov- ernment including federal, provincial, municipal and school board. The public has said they never want to see this happen again. So notwithstanding how it happened, why it happened, when it happened, who did and didnt know and that will all come out in the fullness of time, there is an absolute desire on the part of the public to see that this never happens again, said Knoll. Clauses one and two of my motionour motion, reflect those particular issues. Council eventually voted to pass these amendments as changes to the Oakville Hydro shareholders agreement. Council was more cautious about mov- ing forward with the inquiry. Ward 4 Town and Regional Councillor Allan Elgar voiced concerns about moving forward with any kind of inquiry without knowing what the costs would be. When asked for his opinion, Town of Oakville Chief Administrative Officer Ray Green said he would expect a judicial inquiry to cost the Town well over $1 mil- lion. Knoll would later strongly dispute this figure. Ward 6 Town Councillor Max Khan said he would support such an inquiry stating he wanted his name cleared. Over the last few weeks Ive received a lot of e-mails, a lot of disparaging e-mails, said Khan. I understand there is a lot of skepticism in the room and this is why we need a judicial inquiry, said Khan. I am one of the directors of Oakville Hydro and I was a director during the peri- od in question. At that time neither myself nor any other director of Oakville Hydro had any knowledge of this donation. Neither myself nor any other director approved this donation. The only time we became aware of this donation was when the news broke in the public. I was asked by the mayor and the president of Oakville Hydro to attend these dinners. I attended one dinner and I believe it was in 2009. I attended at their request because they believed this was an opportuni- ty to network with other utilities and with the provincial government. In addition to the judicial inquiry option, councillors also discussed whether the Towns Integrity Officer had jurisdiction over this issue and if this would be a better and cheaper option. The merits of a committee being estab- lished comprising three councillors to investigate the donations was also discussed. In the end, Ward 3 Town Councillor Mary Chapin called for everyone to slow down. Im really uncomfortable with all of this going through in such a hasty way, she said. I think the discussion tonight is evi- dence of why we need time to consider care- fully what we are doing and to get input Council concerned about costs of inquiry into donation Continued from page 1 I understand there is a lot of skepticism in the room and this is why we need a judicial inquiry. Ward 6 Town Councillor Max Khan See Knoll page 4